Digital payment major Paytm announced that it has registered 68 million Unified Payments Interface (UPI) transactions in the 28 days of February alone, thus emerging as the largest contributor to the overall volume of UPI transactions.
In December last year Paytm had contributed 33 million to the overall transaction volume for UPI, which rose to 51 million in January 2018 and 68 million in
February.
In the recent past, Paytm has been accepted at over six million small stores as well as large retail chains across the country. Paytm customers can pay at merchant outlets using their preferred payment methods such as Paytm, UPI, Cards and Net-Banking. This comes as part of the company's efforts to democratise mobile payments for both merchants and consumers by offering them more choices and convenience.